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The report provides an in-depth view on the market segmentation which includes the critical market data and qualitative information for each product type along with the qualitative analysis, such as the Porter’s five force analysis, value chain analysis, and market crackdown analysis.

The global machine vision market is expected to grow at a CAGR of 12.51% from 2014 to 2020; it holds a great potential across the automation industry.Machine Vision systems areused in many applications to provide more accuracy in the manufacturing procedures and for proper inspection in detecting flaws.

This report describes the market trends, drivers, and challenges with respect to the global machine vision market and projects the market size from 2013 to 2020, based on the component, product, technology, application, verticals, and geography. This report gives a detailed view of the market acrossregions, namely – the Americas, Europe, APAC and RoW (the Middle East and Africa).The Americas dominates the market with regards to the market size in terms of value; however, APAC is expected to grow at the highest CAGR in the machine vision market.

The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe.

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.